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IV Semester B.A./B.Sc./B.Com./B.B.A./B.B.A.T.T.M./B.B.M./B.C.A./B.S.W. (CCSS-Regular) Degree Examination, March 2011
COMMERCE (Core Course)
4B06 COM: Business Economics
Time: 3 Hours Max. Wt.: 30
WGP: 120
PART – A
This part consist of two bunches of questions carrying equal weightage one. Each bunch consists of four objective type questions.
Answer all questions:
I. 1) Contradiction of demand is the result of
a) Decrease in the number of consumers
b) Increase in the price of goods concerned
c) Increase in the price of other goods
d) Decrease in the income of purchasers
2) Which of the following pairs of goods is an example of substitutes?
a) Paper and pen
b) Tea and coffee
c) Tea and sugar
d) Shirt and pants
3) In the case of an inferior good, the income elasticity of demand is
a) Positive
b) Zero
c) Negative
d) Infinite
4) Total utility is maximum when
a) Marginal utility is zero
b) Marginal utility is at highest point
c) Marginal utility is equal to average utility
d) Average utility is maximum (W=1) (WGP 4)
II. Fill in the blanks:
5) An isoquant slopes _________
6) In the short run when the output of a firm increases, its average fixed cost __________
7) Another name for average revenue curve is __________
8) Under perfect competition the demand curve has a _________ shape.
(W=1) (WGP 4)
PART – B
Answer any 8 questions in one or two sentences each. Each question carries a weightage of one:
9) Define Business Economics.
10) What is meant by income elasticity of demand?
11) What is marginal utility?
12) What is the meaning of demand forecasting?
13) State the factors of production.
14) Give the meaning of production function.
15) Define isoquants.
16) What is accounting cost?
17) What do you mean by average fixed cost?
18) Define marginal revenue. (W=8x1=8) (WGP=8x4x1=32)
PART – C
Answer any 6 questions. Answer not to exceed one page. Each question carries a weightage of two:
19) Give four points of distinction between economics and Business Economics.
20) State the exception to the law of demand.
21) Explain price elasticity. How is it calculated?
22) Explain the law of Equi – marginal utility.
23) Describe the concept of ‘consumer surplus’. What are its uses?
24) What are indifferent curves? State any 3 properties of indifferent curve.
25) Explain the law of variable proportions.
26) What are the features of monopoly market? (W=6x2=12) (WGP=6x4x2=48)
PART – D
Answer any 2 question. Each question carries a weightage of four.
27) Define demand. Explain the determinants of demand. Also state the law of demand.
28) Explain the economies and dis-economies of scale.
29) State the features of perfect competition. How price is determined under perfect competition. (W=2x4=8) (WGP=2x4x4=32)
________________
IV Semester B.A./B.Sc./B.Com./B.B.A./B.B.A.T.T.M./B.B.M./B.C.A./B.S.W. (CCSS-Regular) Degree Examination, March 2011
COMMERCE (Core Course)
4B06 COM: Business Economics
Time: 3 Hours Max. Wt.: 30
WGP: 120
PART – A
This part consist of two bunches of questions carrying equal weightage one. Each bunch consists of four objective type questions.
Answer all questions:
I. 1) Contradiction of demand is the result of
a) Decrease in the number of consumers
b) Increase in the price of goods concerned
c) Increase in the price of other goods
d) Decrease in the income of purchasers
2) Which of the following pairs of goods is an example of substitutes?
a) Paper and pen
b) Tea and coffee
c) Tea and sugar
d) Shirt and pants
3) In the case of an inferior good, the income elasticity of demand is
a) Positive
b) Zero
c) Negative
d) Infinite
4) Total utility is maximum when
a) Marginal utility is zero
b) Marginal utility is at highest point
c) Marginal utility is equal to average utility
d) Average utility is maximum (W=1) (WGP 4)
II. Fill in the blanks:
5) An isoquant slopes _________
6) In the short run when the output of a firm increases, its average fixed cost __________
7) Another name for average revenue curve is __________
8) Under perfect competition the demand curve has a _________ shape.
(W=1) (WGP 4)
PART – B
Answer any 8 questions in one or two sentences each. Each question carries a weightage of one:
9) Define Business Economics.
10) What is meant by income elasticity of demand?
11) What is marginal utility?
12) What is the meaning of demand forecasting?
13) State the factors of production.
14) Give the meaning of production function.
15) Define isoquants.
16) What is accounting cost?
17) What do you mean by average fixed cost?
18) Define marginal revenue. (W=8x1=8) (WGP=8x4x1=32)
PART – C
Answer any 6 questions. Answer not to exceed one page. Each question carries a weightage of two:
19) Give four points of distinction between economics and Business Economics.
20) State the exception to the law of demand.
21) Explain price elasticity. How is it calculated?
22) Explain the law of Equi – marginal utility.
23) Describe the concept of ‘consumer surplus’. What are its uses?
24) What are indifferent curves? State any 3 properties of indifferent curve.
25) Explain the law of variable proportions.
26) What are the features of monopoly market? (W=6x2=12) (WGP=6x4x2=48)
PART – D
Answer any 2 question. Each question carries a weightage of four.
27) Define demand. Explain the determinants of demand. Also state the law of demand.
28) Explain the economies and dis-economies of scale.
29) State the features of perfect competition. How price is determined under perfect competition. (W=2x4=8) (WGP=2x4x4=32)
________________
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